Greg Harford: Retail NZ CEO says the best way to reduce supermarket prices is to drop GST

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Recorded24 Aug 2022

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More calls have come for reduced taxes to help ease supermarket prices. The Government will force Foodstuffs and Countdown to sell groceries to competitors at regulated prices, if they don't supply them on the wholesale market fairly. Retail NZ Chief Executive Greg Harford says the real problem is how expensive it is for new businesses to enter the market. He told Kate Hawkesby the best way to reduce supermarket prices, would be to drop GST. Harford says consumers spend an average of four-thousand dollars a year on groceries and very close to that paying the Government in GST. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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